Mohamed Islam Acquires Mixed-use Property In Woodside For $2M
FINANCED
$2,000,000
New York
See Similar DealsMixed-use32,004,128 SF
Financed 11/30/2020
FINANCED
Mohamed Islam Acquires Mixed-use Property In Woodside For $2M
40-37 76th St, Queens, NY 11373, USA
See Similar DealsMixed-use32,004,128 SF
Financed 11/30/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:32,004,128 SF
Transaction Type:Loan
The mixed-use property located at 40-37 76 Street and 39-18 61 Street in Woodside has been involved in a closed transaction. The property consists of 2,200 square feet, divided into two units with square footages of 3,200 and 4,128. The deal was facilitated by Matthew Murphy and Irene Uy, representing the respective parties involved.
Summary of transaction details:
- Property Type: Mixed-use
- Loan Amount: $2,000,000
- Square Footage: 3,200 and 4,128
- Address: 40-37 76 Street, 39-18 61 Street
- Market: Woodside
In this transaction, James Guarino and Arthur Dunn from ERG CRE acted as lenders providing a loan of $2,000,000. The landlord of the property is Mohamed Islam. Matthew Murphy and Irene Uy, representing their clients, played a crucial role in the deal as brokers.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,000,000.00
Monthly NOI$13,333.33
Monthly Debt Service$12,641.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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